Business Irish

Saturday 16 February 2019

Geldof shares €3m dividend from 'Survivor' TV show

A scene from the US version of the global hit TV show
A scene from the US version of the global hit TV show

Gordon Deegan

Bob Geldof shared a £2.4m (€3m) windfall in dividends from the TV firm behind the hit reality TV show 'Survivor' last year.

The Dubliner may not generate much income from his singing any more, but his shareholding in Castaway Television Productions is an impressive cash cow for the 63-year old, producing dividends each year.

The UK-based company is behind the 'Survivor' series that has been sold across the world and seen by tens of millions.

The series, which made its debut in 1997, has been on air continuously since. In the US, there have been 29 seasons broadcast with the 30th due next month. The firm's revenues fell by 7pc to £6.93m.

Geldof received £800,000 (€1m) in dividends last year through his one-third share in the firm. Over the five years from 2014 to 2010, Geldof received £4.9m in dividends from the company. Castaway Television's pre-tax profits fell by 7.6pc to £3.1m.

Irish Independent

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